Summitry LLC Grows Holdings in SAP SE (NYSE:SAP)

Summitry LLC lifted its position in shares of SAP SE (NYSE:SAP) by 20.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,736 shares of the software maker’s stock after buying an additional 300 shares during the quarter. Summitry LLC’s holdings in SAP were worth $427,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SAP. Zions Bancorporation N.A. raised its holdings in SAP by 58.4% in the 4th quarter. Zions Bancorporation N.A. now owns 5,246 shares of the software maker’s stock valued at $1,292,000 after acquiring an additional 1,935 shares during the last quarter. TIAA Trust National Association increased its stake in SAP by 18.5% in the fourth quarter. TIAA Trust National Association now owns 1,373 shares of the software maker’s stock valued at $338,000 after purchasing an additional 214 shares during the last quarter. TD Asset Management Inc. boosted its stake in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock worth $394,563,000 after buying an additional 890,157 shares during the last quarter. GQG Partners LLC boosted its stake in SAP by 1.8% in the 4th quarter. GQG Partners LLC now owns 285,624 shares of the software maker’s stock worth $70,323,000 after buying an additional 4,964 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in SAP in the 4th quarter valued at about $231,000.

SAP Stock Up 1.7 %

Shares of SAP stock opened at $280.39 on Wednesday. The company has a fifty day moving average price of $276.70 and a 200 day moving average price of $250.85. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. SAP SE has a twelve month low of $175.08 and a twelve month high of $293.70. The stock has a market cap of $344.46 billion, a price-to-earnings ratio of 97.70, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAP shares. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets lifted their target price on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, JMP Securities upped their price target on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $248.83.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.